We assign a technical rating of 0 out of 10 to JL. JL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 84% of all other stocks performed better in the past year than JL.
- JL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- JL is part of the Distributors industry. There are 22 other stocks in this industry, JL did better than 47% of them.
- JL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JL is lagging the market.
- Considerably lower volume is observed in the last couple of days.
The technical rating of JL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.43
We found 1 important support area.
- A support zone ranging from 3.46 to 3.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.65 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.25 to 6.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.68 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for JL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JL is down. |
| ChartMill Relative Strength | 16.18 | NEGATIVE | JL has a low relative strength, it was outperformed by 83.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of JL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.03 | OVERSOLD | The low RSI value suggests JL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests JL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.65 | NEUTRAL | The Stochastics value for JL is a neutral value. |
| Average True Range in percent/ATR (20) | 18.36 | HIGH VOLATILITY | The high ATR as a percentage value for JL suggests high volalility. |
| Average Directional Index/ADX (14) | 32.43 | POSITIVE | The high ADX value value for JL suggests a strong trend. |
3.64
+0.03 (+0.83%)
J-LONG GROUP LTD-A / JL FAQ
Can you provide the ChartMill technical rating for J-LONG GROUP LTD-A?
ChartMill assigns a technical rating of 0 / 10 to JL.
What is the trend direction for JL stock?
The current trend direction for J-LONG GROUP LTD-A (JL) is Bearish.
What is the RSI signal for JL stock?
J-LONG GROUP LTD-A (JL) has an RSI value of 23.0316. This indicates that the stock is currently oversold.
What is the MACD signal for J-LONG GROUP LTD-A (JL) stock?
The MACD indicator for J-LONG GROUP LTD-A (JL) has a value of -0.103973, indicating a bearish trend.
What is the buy/sell signal for J-LONG GROUP LTD-A (JL) stock?
The buy/sell signal for J-LONG GROUP LTD-A (JL) is sell as both the short term and long term trends are negative.